A bill to extend the National Flood Insurance Program through December 31, 2026.

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1745)

Bill 119 s 1015, also known as the National Flood Insurance Program Extension Act, is a piece of legislation that aims to extend the National Flood Insurance Program (NFIP) through December 31, 2026. The NFIP is a government program that provides flood insurance to property owners in flood-prone areas, helping them recover financially in the event of a flood.

The bill seeks to ensure that the NFIP continues to provide coverage to those who need it, as well as to promote floodplain management and reduce the financial burden on taxpayers. By extending the program through 2026, the bill aims to provide stability and certainty to policyholders and the insurance industry.

The NFIP has faced challenges in recent years, including financial instability and the need for reforms to make the program more sustainable. This bill addresses some of these issues by extending the program for an additional five years, giving Congress more time to work on long-term solutions. Overall, Bill 119 s 1015 is a bipartisan effort to ensure that the NFIP continues to provide vital flood insurance coverage to those in need, while also working towards making the program more financially stable and sustainable in the long run.